Impala is one of the largest Platinum producers in the world, and an extremely cheap stock when one studies their balance sheet. South African in descent, this company has made some exceptional acquisitions with the latest in North American Palladium (Ticker: PDL; Canadian producer in Thunder Bay, Ontario) which is one of the top producing Palladium mines in the...
I am looking for selling the pullback and then buy to the wave C
Pause For Implats? - Monthly Chart: During October 2008 and June 2013 we saw the price price support at around R95 to R100. During this cycle the price is re-testing these support levels with the price, on a short term basis, finding sellers at the 104 to 107 level. We may now see a scenario where the prior support turns into a temporary resistance zone.
With the recent bull run slowing down, the RSI has been diverging away from price indicating short term reversal. A break below might target 50% fib. RSI is already below 50
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IMP Possible short brewing RSI in Divergence not agreeing with indicators IMP in overbought territory
This is one of the best performers and undervalued stocks that follows platinum quite well and has 400% to grow over the course of the next 2 or 3 years. The current chart analysis clearly shows a long swing up with an eventual slight correction at the top of the trough (around 9.00 and change) before soaring later in the year and towards next year. DPO, RSI,...
IMPALA PLATINUM seems to be forming a top, the WEEKLY RSI is oversold but is not pointing down yet. We are watching for more confirmation to enter a SHORT position with a target at the next support level around R70.00
IMP is trading back above its 5day EMA and looking to resume its uptrend after a 2 month consolidation between the R70.00-R80.50 zones.
60-min chart: Price breaking below channel support, potentially setting up a bear flag. This coincides with a rejection of the hourly 200-simple moving average. Further confirmation is weakness below 7470c. Support and possible target of around at 7089c to 7160c. JSE:IMP
Impala Platinum (OTCQX:IMPUY -1.7%) said that higher realized rand platinum group metals price, improved operational performance and higher sales volumes have contributed to increase in its fiscal gross profit.The company expects to report gross profit of R6.8B, compared with R1.1B last year; anticipates headline earnings of between R2.92B - R3.16B and headline...
After a great run, Impala may be exhausted (See post below as we followed it on the way up). Now it has formed a smaller TR at the top of the larger TR. The smaller TR looks like distribution and could indicate that price can start moving down again within the larger TR. Divergence on the volume RSI points to selling pressure and high volume down could indicate an...
Impala Platinum certainly has been on a tear since October last year with hardly any pull-back in between. Having broken above a "top resistance" level on the weekly chart, it appears the bullish sentiment is set to continue. I think the next dip can be bought and I have orders in the market at (and just below) that break-out zone. My momentum indicators and...
#Impala broke out from a key level (70.00) and is now looking to breakout even higher (73.00)
JSE:IMP This looks as great place to go long IMP. Stop loss at 5400.